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TD Cowen Reaffirms Their Buy Rating on EnerSys (ENS)

Tipranks - Sat Jun 13, 1:00AM CDT

In a report released yesterday, Jeff Osborne from TD Cowen maintained a Buy rating on EnerSys. The company’s shares closed yesterday at $222.92.

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Osborne covers the Technology sector, focusing on stocks such as Enphase Energy, First Solar, and SolarEdge Technologies. According to TipRanks, Osborne has an average return of 1.9% and a 45.75% success rate on recommended stocks.

EnerSys has an analyst consensus of Strong Buy, with a price target consensus of $257.50.

Based on EnerSys’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $987.94 million and a net profit of $77.2 million. In comparison, last year the company earned a revenue of $974.84 million and had a net profit of $96.55 million

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENS in relation to earlier this year. Earlier this month, Andrea J. Funk, the EVP & CFO of ENS bought 108.00 shares for a total of $24,674.76.

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